Hi,
I am a new poster on this forum. But it doesn't seem so positive I think.
Why.
In the JV, UTR would have to finance the production facility ?
UltraCharge will then be required to contribute up to USD$3 million to establish a new production facility near Jakarta.
3 million uSD$ = 4 or 5 million AUD$ ?
Does UTR have this money or are we facing another capital raise perhaps ?
Does UTR have a possibility for government grant funding ? If not, then I'm afraid we face a capital raise ?
Who can shed some more light on this please ?
Thank you so much for your kind feedback,